TUESDAY May 7, 2019
Public legal notices begin on page 4
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Daily Record JACKSONVILLE
THE MATHIS REPORT
Landing restaurant buyout tab: $590,000
Daily Record THE WAREHOUSE WAVE JACKSONVILLE
Allen Land Group is among several developers that are working to fill JACKSONVILLE the demand for warehouse space in Jacksonville amid a low vacancy rate.
That’s the estimate for Hooters, Fionn MacCool’s as the city moves to evict tenants, demolish shopping center.
Daily Record Daily Record
BY MIKE MENDENHALL STAFF WRITER
JACKSONVILLE
KAREN BRUNE MATHIS EDITOR
Colliers International said in its first-quarter Northeast Florida industrial research and forecast report that about 1 million square feet of additional industrial space came online in the period and half of it was leased, which increased the vacancy rate to 3%, still lower than the national average of 4.9%. Colliers said the increasing vacancy rate is not a concern. “The market’s overall vacancy level has been abnormally low for 12-18 months,” it said. Landowner John J. “Jack” Allen of Allen Land Group Inc. recognizes that. “We’re riding a positive wave,” he said. Allen is strategizing development of his Westside property at Imeson and Pritchard roads. Allen said the Westside is experiencing a tight supply of industrial and warehouse space, due in large part to the large ful-
SEE MATHIS, PAGE 2
MORE INSIDE
An update on five more Northeast Florida warehouse projects. Page 3
Photo by Karen Brune Mathis
John J. “Jack” Allen of Allen Land Group Inc. is “riding the wave” of warehouse development with property he owns in West Jacksonville.
It could cost the city $590,000 to terminate the leases of The Jacksonville Landing’s two remaining restaurants, according to the city Office of General Counsel. The city took control of the shopping center Wednesday and sent 30-day eviction notices to tenants. In February, the city reached a $15 million settlement with Sleiman Enterprises Inc. subsidiary Jacksonville Landing Investments LLC. On March 26, City Council approved the settlement along with $1.5 million to relocate tenants and $1.5 million Boyer to demolish the Landing. The city estimated a $360,000 lease buyout with Fionn MacCool’s Irish Pub and Restaurant and a $230,000 buyout with Hooters, according to an email exchange in March between council member Lori Boyer and Jordan Elsbury, the council liaison for Mayor Lenny Curry. Boyer asked Elsbury how the $1.5 million for tenant relocation assistance in the bill was calculated and how the remaining money, as the two restaurant buyouts were “substantially less” than the total figure, would be used. Elsbury responded that the $230,000 and $360,000 were for SEE LANDING, PAGE 2
Haskell sells its energy business Jacksonville-based Haskell completed the sale of its energy business to Colorado-based Merrick & Company. “This divestiture reflects our commitment to a vision we have for growing and strengthening Haskell’s core markets,” said Jim O’Leary, Haskell president and CEO in a news release. All current Haskell Energy design and services contracts are moving to Merrick through the sale, the release said. Terms of the sale were not disclosed.
VOLUME 106, NO. 121 • ONE SECTION